Form 4: loanDepot Directors and Affiliates Settle Restricted Stock Units, Increasing Indirect Holdings

PCP Managers GP, LLC and affiliated directors, Brian P. Golson and Andrew C. Dodson, reported the settlement of 30,194 restricted stock units into Class A Common Stock of loanDepot, Inc., increasing their indirect beneficial ownership.

Summary

• PCP Managers GP, LLC, Brian P. Golson, Andrew C. Dodson, and PCP Managers, L.P. reported a transaction involving loanDepot, Inc. Class A Common Stock.
• On June 2, 2025, 30,194 Restricted Stock Units (RSUs) were settled into Class A Common Stock.
• The RSUs vested on May 31, 2025, and were settled on June 2, 2025, at a price of $0 per unit.
• Following this transaction, the reporting persons indirectly beneficially own 4,266,931 shares of Class A Common Stock.
• The reporting persons expressly disclaim beneficial ownership of the reported equity securities except to the extent of their respective pecuniary interests.
• Messrs. Golson and Dodson hold the RSUs for the benefit of PCP Managers, L.P., an affiliate of Parthenon Capital Partners, where Mr. Golson is Co-CEO and Managing Partner, and Mr. Dodson is a Managing Partner.

Sentiment

Score: 6

Explanation: The document reports a routine RSU settlement, which is a neutral event in itself but represents a positive for the recipients as they convert contingent rights into shares. The increased indirect ownership by directors and affiliated entities can be seen as a minor positive for alignment of interests.

Positives

• The settlement of Restricted Stock Units indicates a vesting event, which is a positive for the recipients as they convert contingent rights into actual shares.
• The increased indirect beneficial ownership by key directors and affiliated entities aligns their interests with those of other shareholders.

Future Outlook

No specific future outlook or guidance is provided in this insider transaction report.

Management Comments

• "Each of the Reporting Persons expressly disclaims beneficial ownership of the equity securities reported herein, except to the extent of their respective pecuniary interests therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4."
• "Messrs. Golson and Dodson (the 'Directors') serve as directors of loanDepot, Inc. (the 'Issuer') and hold the RSUs for the benefit of PCP Managers, L.P. The Directors disclaim all right, title and interest in the RSUs."

Industry Context

This document reports a company-specific insider transaction related to executive compensation and beneficial ownership, and does not provide information relevant to broader industry trends or competitive dynamics.

Related Party Transactions

• The RSUs were held by directors Brian P. Golson and Andrew C. Dodson for the benefit of PCP Managers, L.P., an affiliate of Parthenon Capital Partners, where both directors hold senior positions. This arrangement is disclosed as part of their compensation and beneficial ownership structure.

Stakeholder Impact

• Shareholders: The settlement of RSUs increases the number of outstanding shares, though this is typically accounted for in dilution calculations. The increased indirect ownership by directors and affiliated entities may be viewed positively as it aligns their interests with other shareholders.

Key Dates

Keywords

loanDepot, LDI, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Settlement, Class A Common Stock, PCP Managers GP, Parthenon Capital, Beneficial Ownership, Director Holdings